Which of the Following Audit Procedures Is Least Likely to Detect

question 49

Multiple Choice

Which of the following audit procedures is least likely to detect an unrecorded liability?

• A)Analysis and re-computation of depreciation expense.
• B)Analysis and re-computation of interest expense.
• C)Reading of the minutes of meetings of the board of directors.
• D)Analysis of response to a bank confirmation request.

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Definitions:

Personal Goals

Objectives or targets set by an individual aiming to achieve personal development or accomplishment.

Expected Cell Counts

Predicted frequencies in cross-tabulation tables that are used in statistics to calculate the expected value under the null hypothesis in chi-squared tests.

Two-way Table

A statistical table that displays data for two variables, showing the relationship or interaction between these variables in a matrix format.

Grand Total

The sum of all numbers or quantities in a series, often the final total in a table of numbers.